The Department of Revenue had issued a Circular No 62/2002 dated 26.09.2002 on the aforesaid subject wherein the Central Board of Excise and Customs had re-examined the issue afresh. The Board had concluded that the service providers who actually require items like carpets, crockery, marble, chandeliers etc under the EPCG Scheme shall be given the same.
Trade have represented at various fora that the above instructions have led to harassment in the field formations with consequent adverse impact on the exports
Public Notice No. 49/2002-07 updates DEPB rates for various engineering products and introduces new export product categories with specific value caps.
Notification No. 352-Income Tax It is notified for general information that enterprise, listed at para (3) below has been approved by the Central Government for the purpose of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules, 1962, for the assessment years 2002-2003, 2003-2004 and 2004-2005.
Notification No. 353-Income Tax It is notified for general information that enterprise/industrial undertaking, listed at para (3) below has been approved by the Central Government for the purpose of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules, 1962, for the assessment years 2002-2003, 2003-2004 and 2004-2005.
directed to forward herewith a copy of the Notifications published in the Gazette of India (Extraordinary) for your information and necessary action.
